Edward Jones/MFS
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Does that mean they paid to play on your platform? Is that still the process, after the due diligence committee blesses them?
[quote=BigCheese]Does that mean they paid to play on your platform? Is that still the process, after the due diligence committee blesses them?
[/quote] Yes, that's right. I think it's the same process LPL and most other firms use for "pay to play". Although I think our vetting process is more thorough, which is why we don't have nearly as many kickback agreements as LPL.Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.Thanks, Spiff??? I already answered that question! [quote=3rdyrp2][quote=Ronnie Dobbs]Actually if you click this site and look at "Stock Funds" on the lifetime it's pretty similar to what I saw at the office. Mostly negative returns on the lifetime. Kinda disappointing.Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
https://www.mfs.com/wps/FileServerServlet?servletCommand=serveUnprotectedFileAsset&fileAssetPath=/files/documents/products/performance/perf_mfd.pdf
9 out of 15 negative. I mean seriously?[/quote] Ahhhh...that chart is giving all 10 year numbers, unless the fund was incepted in like 2002 or 2005, in which case they can only give lifetime numbers.[/quote]
Sorry 3rd. I thought I thanked you earlier. I was just being a gentlemen by saying thank you. Sorry Spiff, guess I have to take my thank you back…or you can mail it to 3rd.
[quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t!OK ... first off, I'll say this: according to Barron's, MFS consistently did better than any other MF over the last 1,5,10. So however Ronnie's looking at the data, it must be getting skewed insofar as I'll trust the mag to level-set everything.
Second, from a "what have you done for me lately" perspective, I've done passably well with MFS. It's not like I have tons of money with them, but I'm happy. And of course ... wtf are talking about past performance, anyways? As per the first point, the conversation I want to have with my clients is all about the consistency of effort, the capacity to have a repeatable process. Look at Morgan Stanley: 36th, 35th,46th. Vanguard, 15,8,7. AF, 4,10,12. Putnam, 46, 53,57. Schwab, 33,29,29. Tells me what I need to know about the underlying management ... that costs are absolutely bullsh!t. Those are the messages I take to the client.[quote=Ron 14][quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t![/quote] Muh huh.....I spose thats true! I better watch out. Funny thing though, even though they are going to fire me, I keep jumping segments and they keep giving me div trips!.....WEIRD![quote=Ronnie Dobbs][quote=Ron 14][quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t![/quote] Muh huh.....I spose thats true! I better watch out. Funny thing though, even though they are going to fire me, I keep jumping segments and they keep giving me div trips!.....WEIRD![/quote] Ah, yes..the Wind we all knowQuestion is how do you talk in the first person without using the pronouns me and I?
In 6 sentences below, you used "I" or "me" twice. In 3 sentences, Wind used "I" or "me" 4 times. You as well as 99% of us are able to use those words in a more reasonable ratio. I think thats where all of it comes from. [quote=Spaceman Spiff]The 10yr/life stat is kind of confusing. What it means is that if the fund has at least a 10 year track record, they're showing you the 10 year number. If it doesn't, they're giving you the lifetime of the fund. So, any fund with a track record over 5 years is going to have a number show up in that 10yr/life column. For instance, MITTX has been around since 1924 and has a lifetime return of about 8.8%, but it's 10 yr number is -.37%. I don't use MFS, unless it shows up in Advisory, but from what I've read so far they're a decent/good fund company. [/quote]Question is how do you talk in the first person without using the pronouns me and I?
Don't you really think the point here, is that in general Ronnie can't get through a thread without thumping his chest about productivity? That does get to be a little tiring, but to his defense it's always pointed at people attacking him. I've said it before, good for him ... let's move on.Question is how do you talk in the first person without using the pronouns me and I?
In 6 sentences below, you used "I" or "me" twice. In 3 sentences, Wind used "I" or "me" 4 times. You as well as 99% of us are able to use those words in a more reasonable ratio. I think thats where all of it comes from. [quote=Spaceman Spiff]The 10yr/life stat is kind of confusing. What it means is that if the fund has at least a 10 year track record, they're showing you the 10 year number. If it doesn't, they're giving you the lifetime of the fund. So, any fund with a track record over 5 years is going to have a number show up in that 10yr/life column. For instance, MITTX has been around since 1924 and has a lifetime return of about 8.8%, but it's 10 yr number is -.37%. I don't use MFS, unless it shows up in Advisory, but from what I've read so far they're a decent/good fund company. [/quote] [/quote] I agree. If it were me, I'd be talking in third person all the time so that nobody would pick on me. I can be rather incsecure when I feel like I'm being abused. If instead I chose to talk about myself as if someone else were talking about me, perhaps I wouldn't have to say I or me as often as I do. But that's just me.[quote=Spaceman Spiff]Question is how do you talk in the first person without using the pronouns me and I?
[quote=Ron 14][quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t![/quote] This is the same idiot that could not read an insurance hypo. What a tool. He'll have complaint on him before 2 long.[quote=Mr.Blonde][quote=Ronnie Dobbs][quote=Ron 14][quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t![/quote] Muh huh.....I spose thats true! I better watch out. Funny thing though, even though they are going to fire me, I keep jumping segments and they keep giving me div trips!.....WEIRD![/quote] Ah, yes..the Wind we all know[/quote] Or you could totally ignore (like you are) the fact that i'm giving an obvious stab at the fact Ron's being a d***.[quote=hotair1][quote=Ron 14][quote=Ronnie Dobbs]Thanks for actually answering the question and clarifying that Spiff. Even if that is only the 10 year numbers, it still looks pretty terrible.
Ron - What Segment did you make it to before you got fired from Jones? Stop hatin.[/quote] They fired me because I couldn't read mutual fund sales material. You are next dumbsh*t![/quote] This is the same idiot that could not read an insurance hypo. What a tool. He'll have complaint on him before 2 long.[/quote] Cause clients LOVE giving complaints out to people who do whats right for them. Makes total sense.Conversation with new prospect...
Yes Mr or Ms Prospect everyone takes kick backs. It's the only way to play. So what.
Spiff-
When I compete against your company I win because I enlighten them how we are SO different. Not one prospect is told about these relationships until I bring it up and ask them to repsond to that statement above. Nor are they told about trading costs. It's one of the hidden secrets in our industry...disclose on documents no one reads and its acceptable in the industry.
I have said all along...get rid of these dirty secrets and we'll cleanup our industry. LPL does not give me one dime from the relationships, in fact, they reduce my ticket charges that I pay.
Ronnie the reason you have not heard much about MFS is because they are not talked about in the break room of the Lazyboy store or the Saturn dealership you have been fired from before you start annoying stay at home moms while knocking on doors for EJ.
[quote=mnymker]
Ronnie the reason you have not heard much about MFS is because they are not talked about in the break room of the Lazyboy store or the Saturn dealership you have been fired from before you start annoying stay at home moms while knocking on doors for EJ.
[/quote] I don't door knock, fool.